U.K.'s CLASSIC ROCK And METAL HAMMER Magazines Sold For $15 Million

April 3, 2013

According to Guardian.co.uk, long-running U.K. rock/metal magazines Classic Rock and Metal Hammer have been sold for £10.2 million (approximately $15.44 million) to TeamRock, a new venture headed by former GMG Radio chief executive John Myers.

The deal includes the brand extensions for both stations such as the magazines and their events, the Golden Gods and Classic Rock Roll Of Honour.

Mark Wood, chief executive of Future PLC, which sold the two titles to TeamRock, said: "Classic Rock and Metal Hammer are highly successful and well-managed parts of Future, but they have not been centre stage in our current growth strategy.

"They are great brands with a great team and I am confident they will continue to flourish under new investment from TeamRock."

TeamRock describes itself as a "new international multimedia content creation and distribution business" to "provide and create premium content to rock-music fans across the world via digital platforms and through the Classic Rock and Metal Hammer titles".

Billy Anderson, former GMG Radio regional director who is TeamRock's chief executive, said: "We are delighted to acquire these wonderful brands that will play a significant part in the development of our larger business. They come with a great team led by Chris Ingham and we look forward to investing further in their development."

According to Future, Classic Rock and Metal Hammer generated revenue of £8.6 million and an adjusted pre-tax profit of £0.2 million as of the end of September 2012, with an underlying profit of £2 million.

Find more on
  • facebook
  • twitter
  • reddit
  • email

Comments Disclaimer And Information

BLABBERMOUTH.NET uses the Facebook Comments plugin to let people comment on content on the site using their Facebook account. The comments reside on Facebook servers and are not stored on BLABBERMOUTH.NET. To comment on a BLABBERMOUTH.NET story or review, you must be logged in to an active personal account on Facebook. Once you're logged in, you will be able to comment. User comments or postings do not reflect the viewpoint of BLABBERMOUTH.NET and BLABBERMOUTH.NET does not endorse, or guarantee the accuracy of, any user comment. To report spam or any abusive, obscene, defamatory, racist, homophobic or threatening comments, or anything that may violate any applicable laws, use the "Report to Facebook" and "Mark as spam" links that appear next to the comments themselves. To do so, click the downward arrow on the top-right corner of the Facebook comment (the arrow is invisible until you roll over it) and select the appropriate action. You can also send an e-mail to blabbermouthinbox(@)gmail.com with pertinent details. BLABBERMOUTH.NET reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service. Hidden comments will still appear to the user and to the user's Facebook friends. If a new comment is published from a "banned" user or contains a blacklisted word, this comment will automatically have limited visibility (the "banned" user's comments will only be visible to the user and the user's Facebook friends).